ITM Power PLC 500MW Capacity Reservation
July 08 2024 - 2:00AM
RNS Regulatory News
RNS Number : 3917V
ITM Power PLC
08 July 2024
8 July 2024
ITM Power
PLC
500MW Capacity
Reservation
ITM is pleased to announce that it has signed a
500MW capacity reservation with a global industrial customer. This
reservation secures future production capacity for the
manufacturing of our state-of-the-art electrolyser
stacks.
The agreement covers the period until the end
of the 2028 calendar year and foresees call-offs against future
projects in Europe and the US.
The two companies have agreed not to disclose
further contract details at this stage.
Dennis Schulz, CEO ITM, said: "Today's
announcement is a great example of how close collaboration will
unlock competitive and successful green hydrogen projects.
Following the already announced capacity reservation for 100MW from
Shell, this agreement with yet another large-scale industrial
customer is a validation of our technology and credibility to
deliver."
For further information please
visit www.itm-power.com or contact:
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ITM
Power PLC
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Justin Scarborough, Head of Investor
Relations
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+44 (0)114 551 1080
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Investec Bank plc (Nominated Adviser and
Broker)
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+44 (0)20 7597 5970
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James Rudd / Chris Sim / Ben
Griffiths
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About ITM
Power PLC:
ITM Power was founded in 2000 and ITM Power PLC
was admitted to the AIM market of the London
Stock Exchange in 2004. Headquartered in
Sheffield, England, ITM Power designs and manufactures
electrolysers based on proton exchange membrane
(PEM) technology to produce green hydrogen, the only net zero
energy gas, using renewable electricity and water.
-ends-
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